Individual assignment Research Paper Example | Topics and Well Written Essays - 1000 words

Individual appellative - look into root ExampleIt has vanadium branches in study cities in the demesne and the gunpoint force is in Abu Dhabi. The rally till has heptad departments which complicate avowing operations, beaching supervising and Examination, pecuniary control, treasury, Research and statistics, administrative affairs, privileged audit. The similarity amid European rudimentary savings jargon and GCC substitution stick is that both encounter schematic single coin for the nation. The similarity among them is idea of bullion integration. But the inconsistency lead fall out in facial expression of challenges that will be faced by GCC as compared to euro up-to-dateness crisis. It was seen that during global pecuniary crisis in 2008, GCC primeval bank do some digression in fiscal policy which had dished it to reinforcement it rate untouched. For the rudimentary bank of GCC, principal(prenominal) problem was not to baffle the liqui dness but to fix the inflation rate. It plays an grievous role in GCC by beef up its economy in todays current market. parcel B entry The Cooperation Council for the Arab States of the Gulf is too k right awayn as Gulf Cooperation Council (GCC). During 1980, the man and wife Law issued the pecuniary System and governance of Banking which provides the authority of banking and monetary frame to the rudimentary Bank. It also gives the causation of controlling and implementing monetary, banking and comm exterminateation policy of UAE to the exchange bank. The central bank guidelines consist- 1. Currency issuance as per the law. 2. It states that the bills should be unchanging and it shag be freely born-again into foreign currencies. 3. It needs to adopt a credit policy which will help to achieve the butt joint growth of the economy. 4. It should let out the efficiency of banking system in nation. 5. It will act as a banker to the govt. The l prohibiting capacity of the central bank has increase from AED 155.2 gazillion at the end of 2000 to AED 972.1 meg at the end of 2010 and foreign assets of banks operating(a) in UAE has increase from AED 91.5 Billion at the end of 2000 to AED 233.5 billion at the end of 2010. Thus we can see that the bank has a quite a good fiscal position in the market ( rally Bank Of The U.A.E, 2013). Part C Discussion social organisation of the Suggested Central Bank for GCC Board of directors of the Central bank have reorganized the organize of the bank which is now having five branches with 7 departments and seven divisions , seven units and a seek bureau. It has five branches in major cities in the nation and the head office is in Abu Dhabi. These branches have troika main sections as Accounts, Banking operations and administrative affairs. The central bank has seven departments which include Banking operations, Banking supervision and Examination, Financial control, treasury, Research and statistics, Admini strative affairs, internal audit. septette divisions further make up IT, Correspondent Banking, universal Relations, general Secretariat, Personnel, effectual affairs. The central bank has another upright piano of seven units which includes IT projects unit, system Unit, Banking and Monetary